MDI 0.00% 1.6¢ middle island resources limited

Ann: 415.2m at 1.34g/t Au intersected at Two Mile Hill Sandstone, page-13

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  1. 135 Posts.
    The stated reason for drilling parallel to the deposit dip is that mineralisation is hosted by flat structures. This is OK, of more concern is that about 40% of the gold is hosted by the last 66.9 metres. That means the remainder of the hole is much lower grade than 1.34g/t. This is also suggested by the0.5g/t in the adjacent hole.

    While I don't think management has done anything untoward, I don't the this result is of much economic interest.
 
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